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Dc1392
Mar 11, 2021 8:03 AM

Bouncing off the 50 sma line.  Long

Xunlei LimitedNASDAQ

Description

This one is one im very excited about. Earnings in 6 days at the time of writing this and with futures green and stimulus package waiting for Bidens signature i see this running up like everything else. MACD is closing red and we seem to be recovering from recent selloffs. Earnings will play a factor whether we see this run up leading up to earnings, or if they report good earnings. Either way i am bullish.
Comments
tarunreddyco2020
how do you feel about it now and the blockchain sector
Dc1392
@tarunreddyco2020, I am very bullish in the blockchain sector. looking at the chart now i am bullish and i see the chart setting up for a bounce off the 50 sma line.
peacefulBook46489
What is your Price Target/Earnings outcome for XNET ??
Dc1392
@peacefulBook46489, Earnings is really hard to predict, but i think they will have a good outcome. Price target for me is 12 dollars
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